Regulators prepared to recommend exemptive relief on a case by case basis
Market participants will soon find it easier to manage their obligations to fill better-priced visible orders at Toronto Stock Exchange and TSX Venture Exchange when executing a designated trade at a prearranged price on TSX/TSXV with two new order types.A Bypass Order is an Immediate or Cancel order to fill against visible volume only to […]
IASCF Monitoring Group will provide for organized interaction between national regulators and the International Accounting Standards Board
The U.S. Securities and Exchange Commission announced that it has signed protocols enabling it to share information with financial regulators in four European countries on the application of International Financial Reporting Standards.The arrangements with regulators in Belgium, Bulgaria, Norway and Portugal are in line with the work plan previously agreed to between the SEC and […]
Notice focuses on issuer disclosure
The Office of the Superintendent of Financial Institutions (OSFI) has issued a notice concerning the adoption of International Financial Reporting Standards (IFRS) by federally regulated financial firms, noting that firms won’t be allowed to adopt the standards early, and that it will demand more disclosure on the issue.OSFI notes that the Canadian Accounting Standards Board […]
Few senior finance executives are aware of the differences in financial reporting standards: report
A two-day conference is underway in Toronto focusing on the world-wide migration to a common financial reporting language known as International Financial Reporting Standards (IFRS).More than 750 have registered for the gathering. The IFRS – North America Conference is a joint presentation by The International Accounting Standards Committee (IASC) Foundation, and The Canadian Institute of […]
Calls on CSA to keep U.S. GAAP option open to Canadian-based SEC registrants
Canada on target to transfer to IFRS by 2011